Economics
Japan Beating China in Race for Indian Ocean Deep-Sea Port
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Japan is beating out China in a race to build Bangladesh’s first deep-sea port as the region’s powers jostle for a foothold in the Indian Ocean.
Construction of the 18-meter-deep port at Matarbari on Bangladesh’s southeast coast is set to start by January, Japan International Cooperation Agency said in an e-mailed response to questions from Bloomberg News. That’s bad news for a stalled China plan to build a port about 25 kilometers (15 miles) away.